Examine the following typical corporate bond listing: Bonds Case Nat.Chg. 1 NYTel 7- 33 69 18 3 101 4 8 In the name column, NYTel is the abbreviated name of the company (New York Telephone) issuing the bond. What does the number 7, represent? interest or coupon rate b. maturity date of the bond C current yield of the bond d. the difference in price from the previous close

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19-03-2022
Mathematics

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Examine the following typical corporate bond listing: Bonds Case Nat.Chg. 1 NYTel 7- 33 69 18 3 101 4 8 In the name column, NYTel is the abbreviated name of the company (New York Telephone) issuing the bond. What does the number 7, represent? interest or coupon rate b. maturity date of the bond C current yield of the bond d. the difference in price from the previous close

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anthougo anthougo · Answer 1 · 2022-03-31T18:15:23+02:00

According to this typical corporate bond listing of New York Telephone, the number 7, represents A. interest or coupon rate.

What is a bond interest rate?

The bond interest rate is the annual interest (coupon) rate paid on a bond.

The amount of interest is expressed as a percentage of the face value.

The bond interest (rate or amount) represents the periodic compensation that is due in exchange for the bondholder's agreement to lend their funds to the entity for some period.

Thus, the number 7, represents A. interest or coupon rate., not the maturity date, current yield, or the difference in price.

Learn more about bond interest rates at https://brainly.com/question/13990294